Wi-LAN (WIN-T) breaks out:
Wi-LAN Inc yesterday announced a patent licensing deal with Nokia, that see Nokia paying $15.2 million and transferring 93 patents to Wi-LAN in exchange for the licensing of all of Wi-LAN’s wireless technology patents.
The patents that Wi-LAN has acquired will allow the company access to a new sector, the in the high speed internet space. Wi-LAN now has access to Asymmetric Digital Subscriber Line (ADSL) technology which the company believes will have to be licensed by a number of North American companies. The enhanced portfolio of patents positions Wi-LAN for growth over the next few years.
This is the largest patent licensing deal that Wi-LAN has completed and is the first since the company reorganized. Getting out of the hardware production business and concentrating on the licensing of the patents they have developed over the past few years.
The new CEO, James Skippen, has a background in this field and was previously the Vice President of patent licensing at Mosaid Technology Inc. The company exited the broadband wireless equipment business earlier this year selling the manufacturing facility and moving the head office from Calgary to Ottawa.
The company’s shares have been on a tear over the past two days and have now broken out past the previous high set in 2004. The increased momentum and volume are very encouraging indicators that Wi-LAN has started a new up trend phase. The break out has begun and the next target is $7.50 and this could happen relatively quickly.
see www.campbellreport.com for more
The patents that Wi-LAN has acquired will allow the company access to a new sector, the in the high speed internet space. Wi-LAN now has access to Asymmetric Digital Subscriber Line (ADSL) technology which the company believes will have to be licensed by a number of North American companies. The enhanced portfolio of patents positions Wi-LAN for growth over the next few years.
This is the largest patent licensing deal that Wi-LAN has completed and is the first since the company reorganized. Getting out of the hardware production business and concentrating on the licensing of the patents they have developed over the past few years.
The new CEO, James Skippen, has a background in this field and was previously the Vice President of patent licensing at Mosaid Technology Inc. The company exited the broadband wireless equipment business earlier this year selling the manufacturing facility and moving the head office from Calgary to Ottawa.
The company’s shares have been on a tear over the past two days and have now broken out past the previous high set in 2004. The increased momentum and volume are very encouraging indicators that Wi-LAN has started a new up trend phase. The break out has begun and the next target is $7.50 and this could happen relatively quickly.
see www.campbellreport.com for more
posted by Grant | 2:17 PM
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